The China Mail - PM vows 'pro-growth' rules to make Britain an 'AI superpower'

USD -
AED 3.672603
AFN 70.362962
ALL 84.680956
AMD 384.28029
ANG 1.789623
AOA 917.000235
ARS 1181.469302
AUD 1.536287
AWG 1.8025
AZN 1.701145
BAM 1.68999
BBD 2.018345
BDT 122.251649
BGN 1.69216
BHD 0.377174
BIF 2976.449189
BMD 1
BND 1.280497
BOB 6.932605
BRL 5.483301
BSD 0.999581
BTN 86.165465
BWP 13.364037
BYN 3.271364
BYR 19600
BZD 2.007889
CAD 1.35921
CDF 2876.999806
CHF 0.815235
CLF 0.024437
CLP 937.749987
CNY 7.17975
CNH 7.186155
COP 4103.09
CRC 503.419642
CUC 1
CUP 26.5
CVE 95.27986
CZK 21.522015
DJF 178.002826
DKK 6.47017
DOP 59.103851
DZD 129.925983
EGP 50.183598
ERN 15
ETB 134.235906
EUR 0.867465
FJD 2.244701
FKP 0.735417
GBP 0.739735
GEL 2.724989
GGP 0.735417
GHS 10.295649
GIP 0.735417
GMD 71.500526
GNF 8660.787965
GTQ 7.677452
GYD 209.05827
HKD 7.849775
HNL 26.100744
HRK 6.538104
HTG 130.823436
HUF 350.100316
IDR 16300.7
ILS 3.510235
IMP 0.735417
INR 86.330505
IQD 1309.530496
IRR 42109.999967
ISK 124.550176
JEP 0.735417
JMD 159.096506
JOD 0.709022
JPY 145.146013
KES 129.199077
KGS 87.450072
KHR 4003.335393
KMF 425.504285
KPW 900.005137
KRW 1370.434969
KWD 0.30631
KYD 0.833071
KZT 518.62765
LAK 21565.992819
LBP 89565.318828
LKR 300.634675
LRD 199.924824
LSL 17.831217
LTL 2.95274
LVL 0.60489
LYD 5.423902
MAD 9.108647
MDL 17.073582
MGA 4488.954752
MKD 53.373406
MMK 2098.952839
MNT 3582.467491
MOP 8.082384
MRU 39.463918
MUR 45.409884
MVR 15.404973
MWK 1733.367321
MXN 18.97488
MYR 4.245502
MZN 63.950122
NAD 17.831217
NGN 1546.909851
NIO 36.78437
NOK 9.901325
NPR 137.864917
NZD 1.65277
OMR 0.38447
PAB 0.999581
PEN 3.601619
PGK 4.115667
PHP 56.892006
PKR 283.240429
PLN 3.70805
PYG 7985.068501
QAR 3.64612
RON 4.365499
RSD 101.679875
RUB 78.583529
RWF 1443.464661
SAR 3.751893
SBD 8.347391
SCR 14.172901
SDG 600.497009
SEK 9.50011
SGD 1.283175
SHP 0.785843
SLE 22.225017
SLL 20969.503664
SOS 571.250815
SRD 38.849535
STD 20697.981008
SVC 8.746333
SYP 13001.896779
SZL 17.827069
THB 32.592503
TJS 9.901191
TMT 3.5
TND 2.954415
TOP 2.3421
TRY 39.41964
TTD 6.786574
TWD 29.603503
TZS 2594.182049
UAH 41.534467
UGX 3593.756076
UYU 41.070618
UZS 12709.920201
VES 102.166978
VND 26081.5
VUV 119.91429
WST 2.751779
XAF 566.806793
XAG 0.026896
XAU 0.000295
XCD 2.70255
XDR 0.70726
XOF 566.811691
XPF 103.051539
YER 242.949894
ZAR 17.92406
ZMK 9001.262246
ZMW 24.335406
ZWL 321.999592
  • CMSC

    0.0900

    22.314

    +0.4%

  • CMSD

    0.0250

    22.285

    +0.11%

  • RBGPF

    0.0000

    69.04

    0%

  • SCS

    0.0400

    10.74

    +0.37%

  • RELX

    0.0300

    53

    +0.06%

  • RIO

    -0.1400

    59.33

    -0.24%

  • GSK

    0.1300

    41.45

    +0.31%

  • NGG

    0.2700

    71.48

    +0.38%

  • BP

    0.1750

    30.4

    +0.58%

  • BTI

    0.7150

    48.215

    +1.48%

  • BCC

    0.7900

    91.02

    +0.87%

  • JRI

    0.0200

    13.13

    +0.15%

  • VOD

    0.0100

    9.85

    +0.1%

  • BCE

    -0.0600

    22.445

    -0.27%

  • RYCEF

    0.1000

    12

    +0.83%

  • AZN

    -0.1200

    73.71

    -0.16%

PM vows 'pro-growth' rules to make Britain an 'AI superpower'
PM vows 'pro-growth' rules to make Britain an 'AI superpower' / Photo: © POOL/AFP

PM vows 'pro-growth' rules to make Britain an 'AI superpower'

Prime Minister Keir Starmer on Monday laid out his vision to harness the power of artificial intelligence to boost Britain's flagging economy, promising "pro-growth" regulations amid concerns about the technology's unchecked use.

Text size:

Speaking following the launch of a government "action plan", Starmer pledged to ease red tape to attract billions of pounds of AI investment to Britain.

The "AI Opportunities Action Plan" includes 50 recommendations that the government will implement to boost AI-driven efficiency in the public sector, from education and healthcare to detecting potholes.

"Mark my words, Britain will be one of the great AI superpowers," Starmer said at an event at the UCL campus in east London, hailing the technology which is raising complex questions for governments around the world.

The UK -- which has the third-largest AI industry after the United States and China -- will be "pro-growth and pro-innovation on regulation", Starmer said.

"I think it is important to recognise that we've got freedom now in relation to regulation, to do it in the way that we think is best for the UK," said Starmer, calling for AI to be "tested" before it is "regulated".

"We don't need to walk down a US or an EU path on AI regulation", the prime minister wrote in the Financial Times ahead of the speech, calling for a "distinctively British approach".

Starmer's position marks a shift from the EU's heavy-handed regulation of the sector, especially regarding data protection laws, which has faced criticism from tech giants.

In the US, incoming President Donald Trump's desire to deregulate the economy and his team of Silicon Valley-linked advisors could influence policies on AI regulation.

- Data library -

The UK's latest plans include the creation of a national data library which would make public data sets, including anonymised National Health Service records, "available to AI researchers and innovators".

The data library would be bolstered by a "clear and trusted copyright regime", Starmer added. "It is important that we keep control of that data."

"But I don't think that we should have a defensive stance here that will inhibit the sort of breakthroughs that we need."

The latest plans come amid concerns surrounding AI's role in spreading online misinformation and deepfake pornography, as well as fears robots could one day outsmart humans if left unchecked.

The government outlined plans for the creation of "dedicated AI growth zones" designed to speed up planning proposals for data centres and other AI infrastructure.

It also hopes to increase server capacity twentyfold by 2030, including by building "a brand new supercomputer with enough AI power to play itself at chess half a million times a second".

The new supercomputer pledge comes months after Starmer axed a previous supercomputer project in Edinburgh planned by the previous government, citing a lack of funds.

- 'Economic mismanagement' -

Starmer's administration estimated that AI could be worth £47 billion ($57 billion) to the UK each year over a decade.

It announced that three tech companies -- Vantage Data Centres, Nscale and Kyndryl -- had committed to spending £14 billion on AI in the UK, leading to the creation of more than 13,000 jobs.

Starmer has put firing up Britain's economy at the heart of his agenda since taking office last July. In his speech, Starmer staked economic growth on advancements in AI, saying the technology "would turbocharge every single element of our plan for change".

But weaker-than-expected growth, rising borrowing costs and a falling pound is complicating his task, meaning he could be forced to make spending cuts or hike taxes this year.

Shadow Science Secretary Alan Mak accused Labour of insufficiently funding its AI ambitions.

"AI does have the potential to transform public services, but Labour's economic mismanagement and uninspiring plan will mean Britain is left behind," Mak said.

There are also concerns that the sector-wide implementation of AI could result in job losses.

"It's a disruptive technology, like many other previous technological waves," senior cabinet minister Pat McFadden told Times Radio.

"But I think it's too pessimistic to simply talk about job losses," he added.

The government is expected to wrap up next month a consultation to clarify the application of copyright law to AI, which it says aims to protect the creative industry.

I.Ko--ThChM